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Shareholders' Capital | 12 Months Ended
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Dec. 31, 2022
Disclosure of classes of share capital [abstract] |
Shareholders' Capital | NOTE 17. SHAREHOLDERS’ CAPITAL
(a) Authorized |  | – |  | unlimited number of voting common shares
|  | – |  | unlimited number of preferred shares, issuable in series, limited to an amount equal to one half of the issued and outstanding common shares
(b) Issued |  |  |  |
Common shares |  | Number |  |  | Amount |
Balance, December 31, 2020 |  |  | 13,459,593 |  |  | $ | 2,285,738 |
Share repurchase |  |  | (155,168 | ) |  |  | (4,294 | )
Balance, December 31, 2021 |  |  | 13,304,425 |  |  | $ | 2,281,444 |
Share repurchase |  |  | (130,395 | ) |  |  | (10,010 | )
Settlement of Executive PSUs |  |  | 263,900 |  |  |  | 14,083 |
Share options exercised |  |  | 120,595 |  |  |  | 14,016 |
Balance, December 31, 2022 |  |  | 13,558,525 |  |  | $ | 2,299,533 |
(c) Normal Course Issuer Bid In 2022, the Toronto Stock Exchange ( TSX ) approved Precision’s application to renew its Normal Course Issuer Bid ( NCIB ). Under the terms of the NCIB, Precision may purchase and cancel up to a maximum of 1,148,771 common shares, representing 10% of the public float of common shares as of August 15, 2022. Purchases under the NCIB were made through the facilities of the TSX, the New York Stock Exchange and various other designated exchanges in accordance with applicable regulatory requirements at a price per common share representative of the market price at the time of acquisition. The NCIB will terminate no later than August 28, 2023. For the year ended December 31, 2022, Precision repurchased and cancelled a total of 130,395 (2021 – 155,168) common shares for $10 million (2021 – $4 million). Subsequent to December 31, 2022, Precision repurchased and cancelled 15,888 common shares for $1 million.

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- Definition The entire disclosure for share capital, reserves and other equity interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 79 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_79&doctype=Standard -URIDate 2022-03-24 + Details
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